cyprusmax47 wrote: ↑Mon Apr 03, 2023 6:50 pm
Uncle D wrote: ↑Sun Apr 02, 2023 9:02 am
I checked UK based air heat pump costs and they range from 8-18k, so I expect that over here in euros plus Cyprus is always more expensive for imported goods to be more like 12-22k.
Inverter aircon units would cost me around 4-5k, so its a no brainer really.
You are wrong with your prices for heat pumps here in Cyprus. I spoke with Andreas/Green Air and the price for heat pumps starts at 6-7 k. Of course radiators and piping etc will come on top.
I would try to get a special price from Green Air (Christos) if you order photo-voltaic system and air conditioning at the same moment.
Max
I think I am siding with jebba here.. Looks to me that if you have excess PV units to burn then a heat pump makes no economic sense.
You'd never cover the cost of buying a heat pump.. let alone installation/ maintance and anything to deliver the heat it produces - my explanation is below.
If you have PV installed and you have surplus units then at most the cost per unit (at present) is 0.0441 (or even "free"")..
Looking at the info from Max and it looks like for every 1 unit input into a heat pump you get 4 units out. So thats a saving of 3 units.
With a heat pump cost of say (an I am using Max's figures) at least 6K. That equates to needing to save at least 136,000 units over the life of the heat pump to break even (6000/0.0441) during which time you will have used 45,000 units (136,000/3)... 45,000 units. I dont know how much power a heat pump uses but say its 1Kw per hour.
45,000 units would equate to running the heat pump 12 hours a day, for 6 months a year for the next 20 years.. And thats just to break even.. (45,000/(12*183)=20)
Of course if you are looking at a home that does not have excess PV units to burn or has no PV modules the figures work out differently. Using a cost of electricity of 0.3683 (the latest figure I have) a similar calculation leads to saving at least 16,000 units - so running the heat pump for 5,500 units or less than 4 years (if you run the heat pump for 8 hours a day, 6 months of the year)..